Recent Updates — LRHC
La Rosa Holdings Corp. executed a strategic pivot toward AI infrastructure by acquiring NVIDIA B300 GPUs and entering into a Master Lease generating monthly rent of $94,167 through November 2028. The company issued Series F Convertible Preferred Stock to settle outstanding token rights ($5.69 million value), exchange existing convertible notes and preferred shares, and compensate the GPU contributor. Concurrently, founder Joseph La Rosa resigned as CEO and interim CFO, replaced by Chairman Nicholas Adler, who receives a $300,000 annual salary. These transactions aim to restore compliance with Nasdaq’s minimum stockholders’ equity requirement of $2.5 million. The company operates in real estate brokerage and technology services while transitioning into AI infrastructure.
On September 24, 2026, Jaime Cosculluela resigned from the Board of Directors for personal reasons, with no disagreements cited. The Board appointed Marc Urbach as an independent director effective the same date. Mr. Urbach, CEO of Doorstep Delivery Logistics LLC and former CFO of Ideanomics Inc., will receive a quarterly base fee of $12,000 plus a $3,000 chair fee. La Rosa Holdings Corp. operates in the real estate investment sector.
La Rosa Holdings Corp. dismissed CBIZ CPAs P.C. as its independent registered public accounting firm and appointed Rosenberg Rich Baker Berman, P.A. (RRBB) effective September 16, 2026. The filing discloses material weaknesses in internal control over financial reporting identified by the former auditor, including lack of segregation of duties, inadequate cybersecurity staffing, deficiencies in the control environment, and errors in revenue recognition under ASC 606 that necessitated a restatement of consolidated financial statements. Additionally, controls over significant accounting estimates, such as goodwill impairment and income tax provisions, were found ineffective. The company operates in the real estate investment and development industry.
La Rosa Holdings Corp. entered into a Securities Purchase Agreement with an institutional investor on September 15, 2026, to issue 200 shares of Series E Convertible Preferred Stock at $1,000 per share. The company received aggregate gross proceeds of $200,000 from this transaction. The filing also notes that the investor has an option to purchase additional shares in future closings subject to specific conditions. La Rosa Holdings Corp. operates as a blank check company focused on identifying and merging with private operating companies.
La Rosa Holdings Corp. filed a Certificate of Amendment to its Articles of Incorporation to effect a 1-for-6 reverse stock split, reducing outstanding shares from approximately 3.4 million to 569 thousand. The split became effective on September 8, 2026, at 12:01 a.m. Eastern Time, with adjusted trading beginning that day under the same symbol LRHC. This proactive measure aims to maintain Nasdaq listing compliance ahead of potential minimum bid price deficiency notices. Proportionate adjustments were made to outstanding stock options, warrants, and restricted stock units. La Rosa Holdings Corp. operates in the real estate brokerage and PropTech industry.
La Rosa Holdings Corp. filed a Form 8-K on August 24, 2026, reporting financial results for the quarter ended June 30, 2026, and addressing Nasdaq listing compliance. For Q2 2026, total revenue was $15.1 million, down from $20.2 million in the prior-year period, while net loss narrowed to $2.2 million compared to a net income of $78.5 million previously driven by non-operating gains. First-half 2026 net loss improved 9.4% to $15.6 million against $17.2 million in the prior year. Separately, Nasdaq notified La Rosa on August 21, 2026, of a deficiency for late filing of its Form 10-Q. The Company filed the delinquent report on August 21, and Nasdaq confirmed compliance was regained on August 24, closing the matter with no immediate effect on listing status. La Rosa Holdings Corp. operates in the real estate brokerage and PropTech industry.